Asia Dry Bulk-Capesize rates to slip as charterers cap rate gains

jueves 20 de noviembre de 2014 01:43 GYT

* Charterers managing fixture activity -broker

* Capesize rates softer on Thursday after earlier gains

* Panamax rates to fall on charterer-owner stand-off -broker

By Keith Wallis

SINGAPORE, Nov 20 (Reuters) - Rates for capesize bulk carriers on key Asian routes could slip next week as charterers manage fixing activity to put a ceiling on freight prices, brokers said.

Major iron ore miners including Vale, Rio Tinto and BHP Billiton have taken turns entering or exiting the market over the past two weeks, manoeuvres that have led to choppy rates as they seek to limit rate increases by charterers, brokers said.

"Only Rio Tinto is in the market today, but its fairly quiet," said a Singapore-based capesize broker.

"Fortescue Metals Group has stayed out," the broker added after FMG chartered six capesize ships during the past week, Reuters chartering data showed.

"Vale is not doing anything" after being active early last week, the broker said.   Continuación...